Annual Report - JD Group

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Responsible for the statutory corporate secretarial functions of the Group. Review The year under review was dominated by the absorption of the statutory entities of Profurn, the onerous compliance responsibilities imposed on the department by the enactment of the Financial Intelligence Centre Act and Financial Advisory and Intermediary Services Act, as well as management of the transition process to the new administrators of The JD Group Employee Share Incentive Scheme. The number of South African companies administered by the secretarial department was unchanged at 43. Those companies incorporated in the BLNS and Mozambique countries are separately administered by company secretaries in those countries. Following the reintroduction of the requirement to lodge annual returns for every South African registered company with the Registrar of Companies, some 25 dormant subsidiaries have been earmarked for deregistration in due course and key trade names will be registered as defensive company names to enhance administrative efficiencies. 50 Outlook Secretarial Melvyn Jaye (59) CA(SA) Company secretary – 41* Executive management Theva Naidoo (41) BA BCom (Hons) Special projects – 19* * years experience in auditing/company secretarial practice/financial services To continually enhance and streamline the duties performed by the secretarial department with a view to achieving excellence in all facets of statutory company administration and to ensure compliance with the JSE Securities Exchange South Africa Listing Requirements, with particular reference to the recently introduced Social Responsibility Index, the King II Report on Corporate Governance and other legislation.
Influencing and shaping the Group’s strategic thinking. Review The strategy department has been successfully established as a key contributor to influencing and shaping the corporate mindset of the Group towards its short, medium and long term growth strategies. During the year the department initiated and co-developed the following major strategic initiatives with the chains: ■ The design, development and planning of the Group’s differentiation strategy with the focus on implementation for the next four years, to ensure increased competitiveness in the external market whilst minimising any potential risk of internal focus. ■ Design, development and planning of a Business Performance Improvement (BPI) strategy to unlock value internally. ■ Successful launch of a Retail Leadership and Development Programme (RLDP) and the conclusion of a Certification Agreement with the Centre for Business Management of the University of South Africa as partners in this programme as from 2005. A relationship has been established with the Gordon’s Institute of Business Science (GIBS) for the leadership development of Group Executives through their International Executive Leadership Development Programme (ELDP). ■ Completion of a successful research programme for all chains, to validate their differentiated positioning and branding. 51 ■ Launch and successful implementation of a Supplier Relationship Optimisation Programme (SROP) to ensure alignment with the Group’s differentiation strategy and to identify opportunities for efficiency improvement. ■ Final closure and follow through on the Profurn acquisition. Outlook Strategy The department will ensure the following: Dr Henk Greeff (45) BA.Ed (cum laude) B.Ed (Ed.Management) (cum laude) M.Ed (Ed.Management) (cum laude) PhD Group strategy executive – 9* * years experience in strategic management consulting ■ Monitoring and tracking of the implementation of the differentiation strategy of the Group and the follow through with the service departments and suppliers. ■ Implementation of the BPI strategy and the realisation of the envisaged benefits. ■ Enhancement and delivery of the next RLDP and ELDP leadership development programmes. ■ Continuation of the research programme and enhancement to include socio-demographic perspectives. ■ Expansion of the SROP to all strategic suppliers, thereby securing alignment with our differentiation strategies and optimised mutual efficiencies.
Page 1 and 2: 21 Years Young Annual Report 2004
Page 3 and 4: In only 21 years, JD has grown from
Page 5 and 6: PROFILE JD Group, a mass consumer f
Page 7 and 8: Corporate objectives and opportunit
Page 9 and 10: Abra Barnetts Bradlows Electric Exp
Page 11 and 12: By 1986 trains can travel faster th
Page 13 and 14: Executive management Arie Neven (45
Page 15 and 16: Group value added statement 13 2004
Page 17 and 18: ■ Revenue up by 52% to R9,1 billi
Page 19 and 20: “Wars are won in the planning roo
Page 21 and 22: possible for me to mention by name
Page 23 and 24: 1990 1992 1994 The first McDonalds
Page 25 and 26: Social citizenship “. . . and our
Page 27 and 28: one million account holders. Based
Page 29 and 30: 1996 1998 2000 Penny Heyns scoops 3
Page 31 and 32: Abra - practical solutions for your
Page 33 and 34: Bradlows - you’re the difference
Page 35 and 36: Hi-Fi Corporation - the lowest pric
Page 37 and 38: Morkels - your two year guarantee s
Page 39 and 40: Russells - your home lifestyle part
Page 41 and 42: Score is absorbed into a reposition
Page 43 and 44: Ensuring that Group credit manageme
Page 45 and 46: Managing the procurement, maintenan
Page 47 and 48: Comprises a direct audit services d
Page 49 and 50: Group marketing is tasked to consta
Page 51: Responsible for the Group’s prope
Page 55 and 56: A dream made real through the dedic
Page 57 and 58: Maxx New Media Concept and design G
Page 59 and 60: A brighter future to come Annual Fi
Page 61 and 62: “the way you behave when you are
Page 63 and 64: JD Group Limited board and manageme
Page 65 and 66: The purpose of this committee is to
Page 67 and 68: Employment benefits funds Approxima
Page 69 and 70: Fraud and illegal acts JD Group doe
Page 71 and 72: 14 months 12 months 31 August 31 Au
Page 73 and 74: 14 months 12 months 31 August 31 Au
Page 75 and 76: To the members of JD Group Limited
Page 77 and 78: Subsidiary companies Details of the
Page 79 and 80: Retirement Medical Cash Share schem
Page 81 and 82: Options Sale/ Sale/ exercised Date
Page 83 and 84: Options Sale/ Sale/ exercised Date
Page 85 and 86: Basis of accounting The annual fina
Page 87 and 88: are allocated using the effective i
Page 89 and 90: unrecognised actuarial gains and lo
Page 91 and 92: 31 Group balance sheet Restated 200
Page 93 and 94: 33 Notes to the Group cash flow sta
Page 95 and 96: 35 Notes to the Group annual financ
Page 97 and 98: 37 2004 2003 Rm Rm 4. Finance costs
Page 99 and 100: 39 2004 2003 7. Earnings per share
Page 101 and 102: Vehicles and Computer Office equipm
Page 103 and 104:
Vehicles and Computer Office equipm
Page 105 and 106:
45 2004 2003 Rm Rm 12. Investments
Page 107 and 108:
47 2004 2003 Rm Rm 15. Share capita
Page 109 and 110:
18. Interest bearing liabilities co
Page 111 and 112:
22. Financial risk management conti
Page 113 and 114:
24. JD Group/Nedcor alliance The JD
Page 115 and 116:
55 Segmental analysis - geographica
Page 117 and 118:
Electric Express Morkels Barnetts S
Page 119 and 120:
Corporate Group 2004 2003 2004 2003
Page 121 and 122:
Salient features of The JD Group Em
Page 123 and 124:
63 JD Group Limited - company finan
Page 125 and 126:
Issued share capital Shares Direct
Page 127 and 128:
67 Notice to shareholders Notice is
Page 129 and 130:
Material changes Other than the fac
Page 131 and 132:
JD Group Limited (Registration numb
Page 133 and 134:
Shareholders’ diary Financial yea
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Annual Report - JD Group

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